Monetary policy cooperation may not be counterproductive

Henrik Jensen

doi:10.1111/1467-9442.00048

Monetary policy cooperation may not be counterproductive

Henrik Jensen

Department of Economics

19 Citations (Scopus)

Abstract

This paper qualifies Rogoff's famous (1985) result that international monetary policy cooperation is counterproductive. In a model similar to his, it is shown that if wage-setters are non-atomistic and inflation averse - as policymakers are - cooperation leads to higher employment and possibly lower inflation

Original language	English
Journal	Scandinavian Journal of Economics
Volume	99
Issue number	1
Pages (from-to)	73-80
ISSN	0347-0520
DOIs	https://doi.org/10.1111/1467-9442.00048
Publication status	Published - 1997

Access to Document

10.1111/1467-9442.00048

Cite this

@article{b1e800c074c611dbbee902004c4f4f50,

title = "Monetary policy cooperation may not be counterproductive",

abstract = "This paper qualifies Rogoff's famous (1985) result that international monetary policy cooperation is counterproductive. In a model similar to his, it is shown that if wage-setters are non-atomistic and inflation averse - as policymakers are - cooperation leads to higher employment and possibly lower inflation",

author = "Henrik Jensen",

year = "1997",

doi = "10.1111/1467-9442.00048",

language = "English",

volume = "99",

pages = "73--80",

journal = "Scandinavian Journal of Economics",

issn = "0347-0520",

publisher = "Wiley-Blackwell",

number = "1",

}

TY - JOUR

T1 - Monetary policy cooperation may not be counterproductive

AU - Jensen, Henrik

PY - 1997

Y1 - 1997

N2 - This paper qualifies Rogoff's famous (1985) result that international monetary policy cooperation is counterproductive. In a model similar to his, it is shown that if wage-setters are non-atomistic and inflation averse - as policymakers are - cooperation leads to higher employment and possibly lower inflation

AB - This paper qualifies Rogoff's famous (1985) result that international monetary policy cooperation is counterproductive. In a model similar to his, it is shown that if wage-setters are non-atomistic and inflation averse - as policymakers are - cooperation leads to higher employment and possibly lower inflation

U2 - 10.1111/1467-9442.00048

DO - 10.1111/1467-9442.00048

M3 - Journal article

SN - 0347-0520

VL - 99

SP - 73

EP - 80

JO - Scandinavian Journal of Economics

JF - Scandinavian Journal of Economics

IS - 1

ER -

Monetary policy cooperation may not be counterproductive

Abstract

Access to Document

Fingerprint

Cite this